Anthemis secures $90 million to focus on insurtech startups

Anthemis Group announced the $90 million first close of its latest discretionary fund, Anthemis Insurance Venture Growth Fund I. The fund is focused on venture growth companies “driving significant impact within the insurance industry.” The firm secured backing from Aflac Global Ventures, Sumitomo Life and Nürnberger Versicherung in partnership with Daido Life Insurance CompanyThis move marks the extension of Anthemis’ expertise in pre-Seed and Series A to Series B and beyond.

With over half a billion in AUM, a third of its investments of 100+ portfolio companies, are “addressing gaps” in the insurance market, including mitigating risk, and providing accurate and timely data. Notable insurance investments include Trov, Matic, Flock, and Hokodo.

Anthemis also welcomed Kate Sampson as Managing Director. Prior to joining Anthemis, Kate served as the Vice President of Risk Solutions at Lyft and in various leadership roles at Marsh & McLennan. During her tenure at Marsh, Kate developed the first-of-its-kind insurance for Transportation Network Companies. At Lyft, Kate grew the in-house insurance operation to a ~$1B insurance company in 4 years, including a full-stack tech team, claims, actuaries and operations.

“We are pleased to start this partnership with Anthemis by investing in Anthemis Insurance Venture Growth Fund I. Aflac Global Ventures partners with companies whose disruptive innovations in insurance, healthcare, finance, analytics, and other related fields align with Aflac’s strategic interests. Anthemis has developed a strong investment track record, at the intersection of innovation and insurance. As we look ahead to the next wave of transformation, we are confident that Anthemis will continue to be at the forefront of the industry.” – Aflac Global Ventures President Nadeem Khan.

“Having worked with high-growth startups and incumbents, I have seen first-hand how an organization like Anthemis can bring an incredible amount of value and shape the future of insurance. She continued, “The firm’s commitment to authentic collaboration and investing in diverse talent is an important part of what makes Anthemis special, and certainly makes this the perfect next step for me. I’m excited for what is ahead.” – Kate Sampson.

“This is a huge milestone for Anthemis as we approach the close of our first decade as a business. Insurance and risk management will propel much of the true transformation we see in financial services. With the maturation of our portfolio companies and the industry more broadly, it is a natural evolution for us to be active participants in the venture growth space. I’m very proud of the team that we have assembled and look forward to our next chapter.” – Anthemis founder and CEO Sean Park.